NorthWest Copper Expands Financing to Boost Kwanika Project Exploration

Northwest Copper ( (TSE:NWST) ) has shared an update.

NorthWest Copper Corp. has successfully closed the first tranche of its non-brokered flow-through private placement financing, raising $2.5 million to fund exploration at its Kwanika project. Due to high demand, the company has increased the offering to $3.5 million and reopened a hard dollar placement for an additional $0.4 million. The funds will support exploration drilling and metallurgical testing aimed at enhancing the project’s economic assessment and expanding high-grade mineral zones, potentially accelerating the project’s development.

More about Northwest Copper

NorthWest Copper Corp. operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is primarily engaged in advancing its Kwanika project, targeting higher-grade mineral zones to optimize mining methods and improve resource recovery.

Average Trading Volume: 64,394

Technical Sentiment Signal: Sell

Current Market Cap: C$45.43M

For an in-depth examination of NWST stock, go to TipRanks’ Overview page.